97.10 +0.01 (0.01%)
After hours: 5:19PM EDT
|Bid||95.27 x 800|
|Ask||97.08 x 800|
|Day's Range||95.80 - 97.24|
|52 Week Range||76.98 - 106.50|
|PE Ratio (TTM)||21.26|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||1.60 (1.72%)|
|1y Target Est||112.95|
Microsoft earnings will be a highlight for investors on Thursday as trade stories continue to dominate the economic discussion.
Given the improving economy and higher interest rates, Capital One (COF) is expected to witness a rise in interest income in Q2.
Bank stocks gain on the back of strong economic data. Also, the earnings season starts with Bank of the Ozarks (OZRK) reporting rise in net interest income.
Capital One Financial COF has seen impressive loan growth over the past four years, expanding credit card loans at a compound annual growth rate of more than 9%. Net revenue after provisions has grown less than 1% each year while credit provisions have more than doubled. This has caused investors to question the company's strategy and credit quality of new credit card loans.
Walmart Inc. is talking to Capital One Financial Corp. about taking over its store credit card, according to people familiar with the matter. The discussions, which are expected to wrap up in coming weeks, could end Synchrony Financial’s nearly 20-year run as the exclusive issuer of Walmart cards. Synchrony has been Walmart’s exclusive credit-card issuer since 1999.
MARKET PULSE Shares of Synchrony Financial (sfy) slid 6% Thurday, after reports that Walmart Inc. (wmt) is talking to Capital One Financial Corp. (cof) about taking over its popular store card. The move would end Synchrony's 20-year run as exclusive issuer of Walmart cards, according to The Wall Street Journal, which said the card is one of Synchrony's fifth-biggest accounts measured by revenue.
Walmart is weighing a bid from Capital One for its credit card business, Bloomberg reported Thursday. Synchrony, the retail giant's current credit card partner, is also bidding, the report said. A substantial part of Walmart's criteria for the deal is an expansion of the retailer's mobile payments offering, the report said.
Walmart Inc. is considering moving its branded credit-card business to Capital One Financial Corp. from Synchrony Financial as it seeks to expand its mobile payments offering, according to people familiar with the matter. The world’s largest retailer has narrowed the competition for its credit-card partnership to bids from the two lenders, said the people, who asked not to be identified because no decision has been announced. The negotiations are still ongoing, but the retailer is seeking a partner that can support its aspirations for Walmart Pay, the people said.
is considering moving its branded credit card business to Capital One Financial. Synchrony is a provider of Walmart’s store credit cards. The arrangement is up for renegotiation between now and next year, and the report said Walmart is mulling a proposal from Capital One alongside one from Synchrony.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting COF. Over the last one-month, outflows of investor capital in ETFs holding COF totaled $3.61 billion.
The wait for the "coiled spring of earnings improvement" at Capital One may be coming to an end as the credit card issuer's delinquency formation improves and investors hold muted expectations for the second quarter, Chittenden said in the upgrade note. Chittenden also pointed to industry tailwinds, such as tax savings helping consumers to pay down debt, which he said is slowing loan growth and helping credit. The recent sale of Capital One's remaining mortgage assets to DLJ Mortgage Capital will impact future quarters and years, Chittenden said.
Shares of Capital One Financial (COF) have languished this year, falling 3.5%, lagging the Financial Select Sector SPDR ETF's (XLF) 3% decline. However, Oppenheimer argues that the stock could be poised for a rebound.
The consummate bank for families is one they can grow with over time, with a starter account for teenagers and additional free accounts once they turn 18, plus attractive choices for the parents so they can make transfers and keep tabs on their kids' transactions. Here's a look at our top bank picks for families with students. SEE ALSO: See Our Complete Guide to 2018's Best Banks
This could indicate that investors who seek to profit from falling equity prices are not currently targeting COF. Over the last one-month, outflows of investor capital in ETFs holding COF totaled $2.13 billion.